RCCN WeChat QrCode
Mobile WebSite
According to reports, in recent years, more and more consumers have chosen to buy new energy vehicles. However, at present, the lack of insurance products specifically for new energy vehicles in China has caused many willing consumers to worry about subsequent protection issues when making choices. However, there is news that the insurance industry is developing insurance products for new energy vehicles, with many insurance companies participating. How big is the difference between new energy vehicles and traditional fuel vehicles in guarantee and risk management? After the introduction of special insurance for new energy vehicles, what impact will it have on the new energy vehicle industry?
New energy vehicle special insurance focuses on batteriesWith the influence of various factors such as policy support, promotion of environmental protection concepts and technological progress, more and more car buyers choose to buy new energy vehicles. The latest data from the National Riding Federation show that the growth rate of new energy vehicles continued to rise in October. The wholesale sales of new energy passenger vehicles in October was 144,000, a year-on-year increase of 119.8% and a month-on-month increase of 15.9%. Although the number is increasing, at present, traditional domestic auto insurance still lacks products for new energy vehicles.
How big is the difference between new energy vehicles and traditional energy vehicles in terms of guarantee and risk management? Wang He, vice president of the China Association of Actuaries, said that the most important thing about new energy is the battery, which has not been well reflected in the current auto insurance. Wang He said: "The biggest difference facing new energy vehicles is that batteries account for a relatively large proportion of the value of the entire vehicle. This is something that has not been encountered in traditional vehicles. Once the battery fails, you have to replace the battery. Replacement of the battery leads to relatively high maintenance costs. Insurance mainly depends on maintenance costs. If the maintenance costs are high, the risk premium will be expensive."
Relevant terms will be pushed first, specific rates will be put later
Industry insiders also said that new energy vehicles are quite different from traditional auto insurance in terms of safety performance indicators. Ping An, China Pacific Insurance and other companies have stated that they have begun research on new energy vehicle insurance or are implementing related plans.
However, Wang He believes that the current data on new energy vehicles is not enough to reflect the risk characteristics, and the technology of new energy vehicles is also constantly improving. Therefore, the relevant insurance clauses will come out first, and the specific rates will take time. Wang He said: "Now the data is still facing another problem, that is the development of new energy vehicles. That is, if you take the data of new energy vehicles 5 years ago, it will not reflect the risks of new energy vehicles. I personally feel that the terms have to be first. One step, the rate may have to be put a step further. The clause is mainly to solve the relationship between the insured and the insurer. From this perspective, it is the insurance industry to develop this product for service upgrades."
Special insurance will promote consumption of new energy vehicles
Some people predict that with the increase in the number of new energy vehicles, the proportion of new energy vehicle insurance in the overall auto insurance will increase in the future, which may further increase the pressure on the overall auto insurance cost. However, the rapid growth of new energy vehicles will drive the increase in overall auto insurance premiums.
Cui Dongshu, secretary general of the National Passenger Vehicle Market Information Joint Council, believes that the introduction of special insurance for new energy vehicles will increase consumers' enthusiasm for buying and using new energy vehicles and increase sales of new energy vehicles. Cui Dongshu said: "From now on, new energy vehicles have some advantages in use, such as: intelligent configuration, relatively low cost of use, and are well recognized by consumers in all aspects. That is, consumers psychologically pay back for new energy vehicles. There is a concern that has not been effectively resolved. The introduction of special insurance for new energy vehicles will provide consumers with a good psychological guarantee for purchasing new energy vehicles, and will promote the development of new energy vehicles."
